Tag: stock market crash
Impulsive initiatives are putting Social Security, the stock market, and the economy itself at risk. By attacking Social Security, crashing the stock market, and imposing unconscionable tariffs that will increase both unemployment and prices, Trump has taken aim at the retirement security of millions of American families. The attack on Social Security is shameful. T…
Abstract This paper simulates the impact of the 2008 stock market crash on future retirement savings under alternative scenarios. If stocks remain depressed as after the 1974 crash, 20 percent of pre-boomers born 1941-45 and 22 percent of late boomers born 1961-65 would see their retirement incomes drop 10 percent or more. Working another year…
